Stockholders’ (Deficit) Equity (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Stockholders’ (Deficit) Equity [Abstract] |
|
| Schedule of Restricted Stock Shares Granted and Outstanding |
Below is a table summarizing
the Restricted Stock Shares granted and outstanding as of and for the year ended December 31, 2023:
| |
|
Unvested
Restricted |
|
|
Weighted
Average
Grant
Date |
|
| |
|
Stock |
|
|
FV Price |
|
| Unvested as of January 1, 2023 |
|
|
15 |
|
|
$ |
1,539.00 |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Vested |
|
|
(12 |
) |
|
|
1,539.00 |
|
| Forfeited |
|
|
(3 |
) |
|
|
1,539.00 |
|
| Unvested as of December 31, 2023 |
|
|
- |
|
|
|
|
|
|
| Schedule of Option Activity |
A summary of the option activity
during the years ended December 31, 2024 and 2023 is presented below:
| |
| Number of Options |
|
| Weighted Average Exercise Price |
|
| Weighted Average Remaining Term (in Years) |
|
| Intrinsic
Value |
|
| Outstanding, January 1, 2023 |
| |
8,561 |
|
| $ |
1,607.97 |
|
| |
8.6 |
|
| |
- |
|
| Granted |
| |
14,193 |
|
| |
12.73 |
|
| |
9.0 |
|
| |
- |
|
| Forfeited |
| |
(4,966 |
) |
| |
- |
|
| |
- |
|
| |
- |
|
| Outstanding, December 31, 2023 |
| |
17,788 |
|
| |
633.95 |
|
| |
9.0 |
|
| |
- |
|
| Granted |
| |
20,000 |
|
| |
1.95 |
|
| |
2.0 |
|
| |
- |
|
| Forfeited |
| |
(16,159 |
) |
| |
- |
|
| |
- |
|
| |
- |
|
| Outstanding, December 31, 2024 |
| |
21,629 |
|
| $ |
28.25 |
|
| |
2.2 |
|
| $ |
- |
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Exercisable, December 31, 2024 |
| |
21,088 |
|
| $ |
15.07 |
|
| |
2.0 |
|
| $ |
- |
|
|
| Schedule of Outstanding and Exercisable Stock Options |
A summary of outstanding and
exercisable stock options as of December 31, 2024 is presented below:
| Stock Options Outstanding |
|
| Stock Options Exercisable |
|
| |
|
| |
|
| Weighted |
|
| |
|
| |
|
| |
|
| Average |
|
| |
|
| Exercise |
|
| Number of |
|
| Remaining |
|
| Number of |
|
| Price |
|
| Shares |
|
| Life in Years |
|
| Shares |
|
| $ |
1,501.00 |
|
| |
130 |
|
| |
6.9 |
|
| |
116 |
|
| $ |
516.80 |
|
| |
710 |
|
| |
7.4 |
|
| |
183 |
|
| $ |
12.73 |
|
| |
789 |
|
| |
8.7 |
|
| |
789 |
|
| $ |
1.95 |
|
| |
20,000 |
|
| |
1.7 |
|
| |
20,000 |
|
| |
|
|
| |
21,629 |
|
| |
4.0 |
|
| |
21,088 |
|
|
| Schedule of the Assumptions Used in the Black-Scholes Valuation Method for these Options |
The assumptions used in the
Black-Scholes valuation method for these options which were issued in 2024 were as follows:
| Risk free interest rate |
|
|
3.88 |
% |
| Expected term (years) |
|
|
2.00 |
|
| Expected volatility |
|
|
152.9 |
% |
| Expected dividends |
|
|
0 |
% |
The assumptions used in the
Black-Scholes valuation method for these options which were issued in 2023 were as follows:
| Risk free interest rate |
|
|
4.18 |
% |
| Expected term (years) |
|
|
5.00 – 5.27 |
|
| Expected volatility |
|
|
100.0 |
% |
| Expected dividends |
|
|
0 |
% |
|
| Schedule of Warrant Activity |
A summary of the warrant activity
(including certain warrants granted in August 2021, July 2022, December 2022, April 2023, August 2023, November 2023 and December 2024
as part of private offerings, all of which are equity-classified; see Note 11 - Stockholders’ (Deficit) Equity) during the
years ended December 31, 2024 and 2023 is presented below:
| |
| Number of
Warrants |
|
| Weighted Average
Exercise Price |
|
| Weighted Average
Remaining Life in
Years |
|
| Intrinsic
Value |
|
| Outstanding, January 1, 2023 |
| |
180,832 |
|
| $ |
644.80 |
|
| |
5.1 |
|
| $ |
125,211 |
|
| Issued |
| |
1,329,275 |
|
| |
1.95 |
|
| |
5.4 |
|
| |
- |
|
| Exercised |
| |
(269,429 |
) |
| |
0.0019 |
|
| |
- |
|
| |
- |
| | Outstanding, December 31, 2023 |
| |
1,240,678 |
|
| $ |
83.98 |
|
| |
5.1 |
|
| |
1,832,026 |
|
| Issued |
| |
6,100,138 |
|
| |
1.74 |
|
| |
5.5 |
|
| |
- |
|
| Exercised |
| |
(1,207,274 |
) |
| |
2.54 |
|
| |
- |
|
| |
- |
|
| Expired |
| |
(66 |
) |
| |
2,686.60 |
|
| |
- |
|
| |
- |
|
| Outstanding, December 31, 2024 |
| |
6,133,476 |
|
| $ |
18.19 |
|
| |
5.1 |
|
| $ |
1,028,044 |
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Exercisable, December 31, 2024 |
| |
6,133,476 |
|
| $ |
18.19 |
|
| |
5.9 |
|
| |
- |
|
|
| Schedule of Warrants Outstanding and Exercisable |
A summary of outstanding and
exercisable warrants as of December 31, 2024 is presented below:
| Warrants Outstanding |
|
| Warrants Exercisable |
|
| |
|
| |
|
| Weighted |
|
| |
|
| |
|
| |
|
| Average |
|
| |
|
| Exercise |
|
| Number of |
|
| Remaining |
|
| Number of |
|
| Price |
|
| Shares |
|
| Life in Years |
|
| Shares |
|
| $ |
4,370.00 |
|
| |
15,794 |
|
| |
0.8 |
|
| |
15,794 |
|
| $ |
2,850.00 |
|
| |
6,579 |
|
| |
1.6 |
|
| |
6,579 |
|
| $ |
2,686.60 |
|
| |
168 |
|
| |
- |
|
| |
168 |
|
| $ |
1,900.00 |
|
| |
6,748 |
|
| |
1.1 |
|
| |
6,748 |
|
| $ |
3.23 |
|
| |
4,049 |
|
| |
4.1 |
|
| |
4,049 |
|
| $ |
2.28 |
|
| |
1,200,000 |
|
| |
5.5 |
|
| |
1,200,000 |
|
| $ |
1.68 |
|
| |
3,000,000 |
|
| |
6.8 |
|
| |
3,000,000 |
|
| $ |
1.50 |
|
| |
1,900,138 |
|
| |
4.8 |
|
| |
1,900,138 |
|
| |
|
|
| |
6,133,476 |
|
| |
5.9 |
|
| |
6,133,476 |
|
|